For-Profit Colleges

People attend college or university for several reasons, including exploring hundreds of career opportunities, pursuing their passions, learning critical thinking skills, and achieving their maximum potential. According to Dr. Richard Vedder’s, “For Many, College Isn’t Worth It”, attending college or university is not worth the time, effort, or money – Dr. Richard Vedder wants to solely focus resources on private universities and institutions. Vedder describes how many graduates with Bachelor’s degrees do not even obtain jobs in their specific field and how they will never start a career in their area of academic study. In his article, Richard Vedder describes how there should be more stringent standards placed on college undergraduates; he believes that public universities are not necessary and only private, more elite universities should remain operational. I personally believe that obtaining a college degree from an accredited university is worth the risk and the money, not only for one’s self but for society as a whole. Instead of shutting down undergraduate universities, we should consider raising collegiate admission standards throughout the nation.

Many of these schools provide night classes that accommodate students who have full time jobs. There are also multiple fortune 500 companies who have partnered with for-profit schools to provide educational opportunities for their employees. For-profit universities have also bought out colleges that would had to close their doors for good. Accreditation is also becoming more common among for-profit universities so some degrees will hold the same value as one from a traditional

Since 1974, tuition has been on the rise and has reached new heights. One reason why tuition is increasing is because of “the state governments’ unwillingness or inability to raise per-student financing” (Davidson). The government is spending less on college and moving those funds into other categories, such as the military. Furthermore, colleges are spending less on each student than they did during pre-recession (Fox). Even after the recession, the government is continuously cutting more and more from education funds. As the government cuts more from education funds, tuition cost will steadily increase to compensate the loss. Tuition increased from 1994 to 2015 is depicted in the graph on the next page. Drawing a conclusion from the graph, it is possible that if this trend continues, public colleges will approximately reach the same price as private colleges one day. The amount of financial aid given is unable to meet the needs of lower income students,

There are several characteristics of for-profit colleges that make them vastly different from two-year community colleges or four-year state or private universities. The first major difference is that for-profit colleges are run more like a corporation than traditional colleges. This allows them to hire professors on short-term contracts, without requiring them to gain tenure. This practice is beneficial to for-profit colleges because if the professor’s statistics are horrible, he or she could be let go of sooner without having to go through a review board process, the college could simply not renew their contract. Another difference from tradition colleges is that classes can start at for-profit schools more often and classes can continue all-year. This is due to the fact that most of the student body at for-profits schools are online students who may be located thousands of miles away from the base campus. Another major difference of for-profit colleges is that new courses can be

The goal for Not-For-Profit Colleges is to provide students with higher education and help them advance in a particular field. Not-For-Profit Colleges are traditional college such as community colleges, state universities, and liberal arts colleges. These institutions gain funding to provide their services from the government subsidy, tuition fees, and donations. All the income that are received is strictly used for institution purposes. Some examples are professors, staff, maintenance, utilities, or even computers that the school needs and student needs. All the money is given back to the institution in some way.

In general, for-profit schools cost more to attend, because they are run like businesses. And it definitely does not take a college degree to see that these high prices plus low income students equal greater risk of default. For-profit colleges began as family owned trade schools but over the years they have expanded into educational businesses that accept any student, regardless of their financial wellbeing or aptitude. On the other hand, traditional schools have neglected to notice the rising need for an education that is flexible and convenient. In his article “Why Do You Think They’re Called For-Profit Colleges,” Kevin Carey writes to an audience of higher education students and faculty to convince them the pros and cons of both traditional and for-profit schools using different rhetorical, organizational, and stylistic strategies.

Kevin Carey takes a deep look into the controversies concerning for-profit colleges. For-profit colleges have received harsh criticism from institutions because of the way they recruit new students and use the loan system to gain even more of a profit, added on to the price of schooling. Even though only 10 percent of students get enrolled, a quarter of all federal aid goes to for-profit colleges. That seems extremely unfair. Carey begins with bringing us bad news, for-profit colleges do abuse the system of student loans, however they also bring educational opportunities for those who may have not had the option to attend college.

It’s an idea that pops up every now and then. Every year many young people work hard to pass their school-leaving exams and enter a college. However, for many of them acquiring good marks is not the only worry. Unlike the lucky minority from wealthy families, they must also think about the ways of getting money to pay for their education. For a half century, federal funding has flowed to students in the form of vouchers, and students have had the power to choose from an array of providers--public, private, and for-profit. Making education free can stretch from an array of getting rid of student debts/loans to decreasing the amount of unqualified jobs with the help of President Obama 's idea of making community colleges "free." The government claims that free education is impossible, as there is no possibility to subsidize the universities and colleges with the budget funds. Moreover, when education is fully supported financially by the state, colleges lose their independence and the spirit of democracy and freedom. .

In case, you are not aware, for-profit tuition is much higher than that of public institutions, and for profits receive a quarter of all federal aid while only enrolling 10 percent of all students (216). The real problem is that students of the much more expensive for-profit institutions tend to borrow a lot more money than the students of public institutions do and are often unable to repay these loans upon graduating and entering the work force. In fact, most graduates of for-profit institutions are unable to even get a job with their freshly awarded on line diplomas and therefore default on their federally subsidized student loans due to lack of income. Clifford refutes indications that the excessive amount of student debt is directly related to the cost of education, and therefore, disapproves of the Obama administration’s proposal to disallow further federal aid to any student who has exceeded a certain percentage of debt in relation to income. In spite of statistics that predict more than half of his students’ loans will enter default, he simply does not feel that it is the responsibility of

For-profit colleges target veterans because G.I. Bill was given to the veterans by the government, which helps veterans pay for their colleges’ tuition, up to $21000 a year. Also, veterans must be looking to seek degree and trying to get a good job after they get out from the military. So, that’s also one of the reasons for for-profit colleges to recruit them.

So it’s not that colleges are spending more money to educate students, it’s that they have to get that money from someplace to replace their lost state funding; and that’s from tuition and fees from students and families (Sanchez 1). While most institutions tried to keep costs down, some took advantage of the public perception that a high tuition means a quality education (Sanchez 2). The problems that students face now are rising tuition, increasing loans and lacking financial aid to compensate. The fastest growing income for public colleges and universities in our country is tuition. Most students must take out loans to make it through college now.

College rising tuition is currently the hottest topics debated by political and social interest’s groups who pretty much understand that if this is not fixed soon, it will have long damaging effects on our convalescent economy. It is important to be reminded that college education play a tremendous multiplier role in our economy that holds more the 50% of college graduates. (College Has Been Oversold by Alex Tabarrok.)

For- profit schools usually spend $8 per student on research while 4,887 dollars are usually spend per student at private and nonprofit colleges. These colleges spend less on the classrooms, and the staff so they can pocket the money that the college may need. As a result of this, the graduates of these colleges struggle to find employment, and that causes other problems. Since these colleges are expensive so they students when they graduate will try to pay back their tuition fees but if they cannot pay it back then they are most likely going to drown i debt later in the future.

As many young millennials rally behind Bernie Sanders and his outlandish claims of free public college for all, others sigh and shake their heads in disapproval. Are these college students really entitled to free higher education? Is it every American’s unalienable right to have a college education? Despite the recent push for free college in the United States, the economic burden and drop in personal responsibility it would create proves that colleges should maintain their current tuitions.

Today colleges are growing more and more necessary for attaining a solid path towards a successful career, yet the rapidly increasing cost of tuition is driving students away from their dream of attending college, due to the preposterous amount of money that is now being demanded by colleges across the nation and world as a whole. It is sad to see students being turned away from a successful future due to the money-hungry nature of the universities that dot the globe. More and more impossible it is becoming to have a “rags-to-riches” scenario that used to highlight the American Dream, as if a student doesn’t have the riches to afford a higher education and the tuition that is drug upon its coattails, then our society is doomed to be clothed in rags forever, unless major changes are brought about to restructure and end the indefatigable growth of tuition rates across the board.